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Adnoc expands ‘in-country value programme’

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday, that it has expanded its In-Country Value (ICV), Programme by appointing a group of six additional third-party certifying bodies who will be responsible for verifying and measuring suppliers’ ICV performance, bringing the total number of the Program’s certifying bodies to 12, from six. The signing ceremony ...

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‘Innovations in Agriculture’ forum opens in Abu Dhabi

abu dhabi / wam Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi Agriculture and Food Safety Authority, Mariam Hareb Almheiri, Minister of State for Food Security, opened the 6th edition of the Global Forum for Innovations in Agriculture (GFIA), in Abu Dhabi, in the ...

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South Korea urges Kim to heed US calls to restart talks

Bloomberg South Korean President Moon Jae-in urged Kim Jong-un to heed calls to return to the negotiating table after talks broke down between the North Korean leader and President Donald Trump. “I expect North Korea to respond to efforts made by South Korea and the US,” Moon said during a meeting with his senior advisers in Seoul. Moon is expected ...

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Nissan CEO, Ghosn mulled fourth partner for alliance

Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.” In a message to ...

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China announces tariff concessions ahead of trade talks

Bloomberg The Chinese government said it will extend a suspension of retaliatory tariffs on US autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week. Beijing temporarily scrapped the 25 percent tariff imposed on vehicles as a tit-for-tat measure on January 1, ...

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DSV plans to acquire Panalpina in $4.6bn Europe logistics deal

Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...

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Facebook’s top lobbyist Clegg calls for ‘good regulation’ of global web

Bloomberg Facebook Inc made a very public bid over the weekend to shape the global conversation about internet regulation, though so far some politicians remain skeptical of its efforts. The company’s top lobbyist urged regulators around the world to agree on standards governing online content — and to prevent a patchwork of different regulations that make it difficult for international ...

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Italy needs energy storage to deliver on pollution pledge

Bloomberg Italy must more than double its capacity to store electricity if it wants to slash pollution from burning fossil fuels, the head of the nation’s power transmission network said. Terna SpA Chief Executive Officer Luigi Ferraris said Italy may need as many as 6 gigawatts of storage by 2030 to balance a boom in renewables. Storage is one of ...

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Adnoc achieves key milestone

ABU DHABI / WAM Adnoc Drilling, an Abu Dhabi National Oil Company (Adnoc), subsidiary, on Sunday announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. The well was the first to be drilled in a fully integrated way – delivered to Adnoc ...

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Next stage of testing at Unit 2 of Barakah N-plant complete

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), completed the Structural Integrity Test (SIT), and Integrated Leak Rate Test (ILRT), at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the ...

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